News 

DOJ, FBI warn about fraudulent recovery firms targeting clients of BinaryBook and BigOption

“They were charged in an indictment returned in the District of Maryland with one count of conspiracy to commit wire fraud and three counts of wire fraud” reports financefeeds.com. Scammers appear to be targeting individuals who have previously sent money to binary options entities, especially BinaryBook and BigOption.The public is reminded that the FBI and DOJ do not call private citizens requesting money or bank account information.The FBI and DOJ stress that they have not authorized any employees or affiliates of BigOption, BinaryBook, or any other entity to act on…

Read More
Crypto News Platforms 

Binary Options Scams Spread Into Crypto, Time for US Lawmakers to Act

“Already a high-risk investment strategy, binary options platforms are often based online and are hard to regulate” writes Henry Linver for cointelegraph.com. Giving any or all of these to fraudulent binary options platforms can allow malicious actors to steal your identity.In the last two months alone, the CFTC has clamped down on fraudulent binary options schemes operating in the U.S. worth over $15 million.The same is true for binary options trading.Unfortunately, navigating binary cryptocurrency options has proven easier said than done for many inexperienced investors. Source: cointelegraph.com

Read More
News 

Resident discovers $3,174 fraudulent purchase from credit report: Seven Hills Police Blotter

“Fraud, Beacon Hill Drive: On Oct. 16, police were dispatched do a Beacon Hill Court residence after a homeowner received notification that their credit score decreased and a change to his credit file was detected” writes Ndiffrence Att Net for cleveland.com. Then after the credit score alert, he discovered a loan amount from Sprint was opened last spring for $600.The man said his wife received a notification from a credit card last spring regarding an inquiry by Sprint.The only thing that matched the fraudulent account was his social security number. Source:…

Read More
News 

SEC secures lifting of stay in action against co-conspirator of Ponzi scammer Renwick Haddow

“In return for their role in selling the fraudulent investments, the defendants received commissions that totaled at least $1.4 million from the entities offering the investments” reports financefeeds.com. The defendants arranged for the sales agent network to sell the investments by using the offering entities’ false and misleading offering materials.The network of sales agents recruited by Moore and Voicetech raised over $5 million from at least 100 investors for the fraudulent investments. Source: financefeeds.com

Read More
News 

SEC seeks lifting of stay in action against co-conspirator of Ponzi scammer Renwick Haddow

“In return for their role in selling the fraudulent investments, the defendants received commissions that totaled at least $1.4 million from the entities offering the investments” reports financefeeds.com. The defendants arranged for the sales agent network to sell the investments by using the offering entities’ false and misleading offering materials.The network of sales agents recruited by Moore and Voicetech raised over $5 million from at least 100 investors for the fraudulent investments. Source: financefeeds.com

Read More
News 

CFTC settles charges against ex-employees of fraudulent binary options scheme Yukom Communications

“The United States Commodity Futures Trading Commission (CFTC) on Monday issued three orders filing and simultaneously settling charges against three ex-employees of fraudulent binary options scheme Yukom Communications” reports financefeeds.com. In August this year, the CFTC charged Yukom, along with four other entities and four individuals, with operating an illegal and fraudulent $103 million global retail “binary options” trading enterprise that targeted and victimized U.S. residents. Source: financefeeds.com

Read More
News 

Alleged co-conspirator of OneCoin asks for more time to respond to victims’ complaint

“Further, the plaintiffs seek rescission of the investments made by them and the Class relating to the offer and sale of OneCoins and the OneCoin trader packages/memberships and/or compensatory damages” reports financefeeds.com. The so-called “Scott defendants” have allegedly aided and abetted the fraudulent cryptocurrency scheme. Source: financefeeds.com

Read More
Crypto News 

FCA Warns Public About Clone Firm Offering Crypto Investment

“The British Financial Conduct Authority (FCA) has warned the public about First BTC FX, a supposed clone firm offering fraudulent crypto investments” writes Helen Partz for cointelegraph.com. In its crypto trading section, First BTC FX describes an investment scheme, stating that a minimum investment amount of $100 can “gain the effect” of $3,000.On May 25, the FCA blacklisted an entity known as ICAP Crypto after previously issuing a similar warning against illegal crypto-related firm Next Coin Market.First BTC FX also claims to represent a trade name of First Global on…

Read More